Thats an interesting observation over here fashionlife. The concept is very much like that of a mutual fund and in one of his interviews I read that he is an ex-investment banker so now this concept makes sense to me. Looks appealing but as I mentioned in my previous post - execution is the requirement in this startup. Yes, the marketing is good, model looks impressive but implementation of the same is a necessity in this startup Hehehe.. dude.. u hate this startup.. lol But it really doesn't matter what we think. If he's makin money there is definitely which bloggers are attracted to. It maybe a business model or probably the profit sharing element. I've noticed that most of the bloggers over here are investing in it for the sake of experiment.. there are millions of bloggers in US and India and they just need around 2500 bloggers so its quite easy for them to find bloggers since I believe today most bloggers want to make some money via their blog so they don't mind spending a l'il on this site (Just a thought) I too am kinda tempted to try it out after this whole discussion but I think I'll wait for a while. $15 for a 3 year period is not that a big amount. What say hmansfield?? Pretty sure u'd disagree
No I don't hate it, and honestly I really hope it will be what it say's it's going to be. I would like to see one of these things finally work, and $15 is not a lot of money just to see what happens. I have certainly spent more on less, but at this point it just feels like just giving some guy money for having an idea, and not actually making an investment into a functioning business where I know exactly what the returns will be, if any. It doesn't give off the appearance of longevity, so up front, that feels like $15 that I know I am throwing away. I have personally never seen one of these things work and the business model is 100 years old...so when I say this isn't an original concept, it really isn't...it's been going on since before the internet was even thought of. But I guess if you are only 20 years old, it would be new to you and sound appealing just as it did 50 years ago when your grandfather invested in a similar Real Estate scheme that never panned out because the strip mall he invested in couldn't land the anchor stores. This isn't different, it's just online now.
Yes I agree.. What he's done is that he has beautifully combined different pillars of internet marketing and have packaged it attractively. Though the concept is 100 years old - its in the new cover and that attracts the bloggers. Since the number of bloggers required by them is less and since there are so many part time bloggers who have full time jobs, they'd want to invest in this startup. I'm pretty sure 90% of the bloggers worldwide may not be aware of MDHP. But honestly speaking, after this whole discussion, I really feel that the concept is quite appealing.. no doubt there is blogcatalog, entrecard, technoratimedia etc etc - this startup promises to share profits with the bloggers and that is the selling point of this site and unlike other blogger communities bloggers are not required to slog it out on this site to pormote their blogs and probably that helps its case. But only time will tell if its a success or not. It was good to hear ur inputs. I must say I enjoyed discussing this startup with u.. Cheerz mate
It was a good discussion and I too agree with hmansfield. A lot of what this site is offering isn't new and it doesn't matter if it is all bundled into one, that doesn't mean it will work because most of it is not unique. Yahoo offers many services combined into one with their portal system, yet Google, who's main page is limited to just a simple search performs way better and is a lot more popular. I just don't see anything special about this startup and I really don't see a good, sustainable revenue stream anywhere.
as new provider I respect there way of advertising,at least they have a new concept that another blogger dont have .and more over,since they have been rate by "big company like enterpreneur.com I dont think they are another living scammed online
I agree I have made it a policy to never get involved with anything that does not have contact info. I once worked for a spam service and the really big spammers always picked sites that had no contact info. This sound like the real thing but only time will tell. Also, as far as a site looking professional, the first time I was scammed, the promoted site and members area were the most impressive I have seen to date. Bizsouth
Hey guys Guess what.. Today while goin thru Business Standard at my workplace, this is what I found http://www.business-standard.com/india/news/banker-for-bloggers/354086/ This blogger startup actually seems to be making money Don't you guys think purchasing a $15 or a $40 adspace button at this stage would be a nice investment. I mean - for experiments sake. The business model does look novel. Your thoughts? P.S. For those who don't know - Business Standard is one of the leading finance newspapers in India
No it doesn't. I don't care how much press it get's, it has no substance, and it is an old idea with a new coat of paint on it. Why are people so hell bent on promoting this ? Is this what goes over as a sound business model in India ? If so, I should move cause I have a bunch of ideas that are copycats of old U.S. Online Start ups from the 1990's that are half developed and need funding.
Sweet. They had a guy locally minting his own money, or at least washing 5 spots and turning them into 50's and within a week he was in custody. I think I'll make money the old fashioned way, as lame as it may seem. Get rich quick just ... well good luck to you.